Ethos Backs African Auto Parts Retailer

AutoZone has branches across South Africa, Namibia, Zimbabwe, Swaziland and Botswana

By

Staff Reporters

January 22, 2015 8:23 p.m. GMT

Ethos Private Equity said it has invested in AutoZone, a privately owned aftermarket retailer and wholesaler of automotive parts in Southern Africa.

AutoZone has 151 wholly owned retail and wholesale branches and 37 member-owned franchise branches across South Africa, Namibia, Zimbabwe, Swaziland and Botswana. The company initially launched in 1999 as part of publicly listed Super Group and was acquired in a 2010 leveraged buyout by RMB Corvest, Zico Capital and senior company management.